Home
News
- 1 Wall Street Memes (WSM) is a meme cryptocurrency that emerged last year.
- 2 Players can gamble their $WSM at the casino.
Memes have become an indispensable part of the crypto world since many assets depend on trends, and memecoins, also known as “sh*t coins,” started as a parody but now garner the attention of serious traders. Following the success of Dogecoin, many other memecoins flooded the market, and Wall Street Memes launched one of the hottest meme coins of last year.
Meme Coins & Crypto
Despite the fact that memecoins have no stable use-cases, they add a touch of amusement to the blockchain. People take on the risk of buying memecoins hoping to make a profit. However, most memecoins disappear along with their corresponding trend, so it is vital to conduct research before trying to purchase them.
What is Wall Street Memes (WSM)
Wall Street Memes (WSM) is a meme cryptocurrency that emerged last boasting one of the presales of the year raising close to $30 Million from the sale of its $WSM token. Initially, $WSM was a meme coin, without any real world use.
However, with the launch of Wall Street Memes Casino, players now have the opportunity to gamble their $WSM at the casino and sportsbook along with popular crypto tokens.
The casino is promoted as “the destination for enthusiasts” where those successful in the crypto world can take risks by betting their earnings. It’s a platform for all, even those who didn’t participate in the initial Wall Street Memes presale or don’t currently own any $WSM.
WSM Casino boasts a sportsbook offering popular markets and more than 5,000 casino games for players to enjoy live gaming experiences or bet on live sports events.
The $WSM token raised over $30 Million in its presale before being listed on various Tier-1 crypto exchanges. Now, the team behind Wall Street Memes is introducing a new casino that revolves around the $WSM token.
Weekly Time Frame Analysis of WSM Coin
Currently, the WSM price is experiencing a downtrend, and it was trading at $0.01010. However, meme coins have shown to outperform BTC and ETH, and if there is another crypto bull run after Bitcoin halving in 2024, we could see a rise in meme assets.
For the WSM bulls to start a bull run, they need to surpass the immediate resistance level of $0.0114. As blockchain technology sees mass adoption, coins like Wall Street Memes, backed by a community whose content Elon Musk has interacted with, could become more popular.
An example of this is Pepe, which reached an almost $2 Billion market cap in 2023 despite being relatively unknown. Therefore, the overall prediction in the long run is bullish.
Summary
Wall Street Memes launched a popular meme coin last year, called $WSM. They recently launched Wall Street Memes Casino, where players can gamble their $WSM along with other crypto tokens. This token could become more popular as blockchain technology sees increasing adoption.
Technical Levels
- Support Levels: $0.00579
- Resistance Levels: $0.0114 & $0.019
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or any other related indexes comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
